Battle of regulators: SEC sunshine vs. Fed secrecy
May 04, 2009 at 10:30 AM EDT
The chief of the Securities and Exchange Commission has found “troubling†revelations that the agency may have been excluded from talks between the Federal Reserve and Bank of America about the 2008 acquisition of Merrill Lynch. It underscores the long-standing tension between the SEC's push for transparency and the Federal Reserve's emphasis on secrecy,
